"My right hon. Friend makes an interesting point about the change from defined benefit to defined contribution and the impact of the taxation changes that brought that about. Would he care to comment on whether he sees that as part of an unwitting repricing of the return on risk, which …..." Kit Malthouse - View Speech
"I agree with the hon. Gentleman’s views about mandation, as the Minister knows, but would he care to comment on its impact on the appetite for risk? We have learned from my right hon. Friend the Member for Salisbury (John Glen) that since the change in taxation, the general trend …..." Kit Malthouse - View Speech
"I get the example that the Minister talks about, but I think he misunderstands or perhaps misappreciates how the retail investor thinks. They do not necessarily think, “If I put £1,000 in now, in 20 years’ time it will be worth this.” They think, “If I put £1,000 in now, …..." Kit Malthouse - View Speech
"The best way to help people financially is to help them into work, and universal credit will get 200,000 more people into work. Our recent survey evidence shows that people on UC and in work had an average increase in reported earnings of £600 a year. There was also an …..." Kit Malthouse - View Speech
"As my right hon. Friend the Secretary of State said earlier, the close and constructive relationship between work coaches and their clients should enable them as a team to get through any hardship that arises. The hon. Lady is attempting to build a career on bashing universal credit, but she …..." Kit Malthouse - View Speech
"My hon. Friend is exactly right. I was pleased to be able to sit with him in a meeting with some of his third sector organisations, including his local food bank, his citizens advice bureau and his local refuge, to try to scotch some of the mythology that has been …..." Kit Malthouse - View Speech
"Universal credit supports parents into work through better incentives, and through simplifying and smoothing their transition into the workplace—with UC work will always pay. Furthermore, the Government now provide more support than ever before to help parents with the costs of childcare; under UC people can now claim 85% of …..." Kit Malthouse - View Speech
"It will not surprise Members to know that I am more than happy to celebrate the results of that research and to thank my hon. Friend for the work she does in her constituency in promoting this, not least in being a champion for Manchester airport, where thousands of her …..." Kit Malthouse - View Speech
"My hon. Friend has absolutely put his finger on the button. As I said in an earlier answer, in this country we have tried fighting poverty with welfare in the past and failed. The Labour Government spent some £150 billion on tax credits and hardly moved the poverty indicators at …..." Kit Malthouse - View Speech
"We are indeed delivering for families. I know it is a joy to many in this House to hear a voice of optimism from Southport at last, from a new Member who works closely with his local business community, recommending that its prosperity lies at the heart of that of …..." Kit Malthouse - View Speech